"Our rEvolutionary-In-Chief Elon Musk talks about the future which is happening today. He is my personal inspiration for our International Lithium story. Below you can get a sense about the potential for Lithium Technology. We are talking here not only about the mass market for Electric Cars, but Secondary Energy Storage based on Lithium Batteries for Solar and Wind Energy integration into the Smart Grid.

Jun 18, 2014 (ACCESSWIRE via COMTEX) -- Vancouver, BC / ACCESSWIRE / June 18, 2014 / International Lithium Corp. (the "Company" or "ILC") is pleased to announce that the Board of Directors of Ganfeng Lithium Co., Ltd. ("Ganfeng Lithium" or "GFL") approved a 2014 annual mining exploration budget for wholly owned subsidiary GFL International Co., Ltd. for fifteen (15) million yuan (approximately CAN $2,645,000). The funds were approved at a board meeting held on June 5, 2014 and will account for expenditures on the Blackstairs and Mariana projects collectively.

"We are encouraged by Ganfeng Lithium's approval of this exploration budget. These projects are a potential source of raw materials for GFL's manufacturing operations and we are officially making headway moving them along in accordance with our initial vertical integration model." Kirill Klip, President, International Lithium Corp. Read More."

"Who can tell us all better about his real intentions than the Leader-in-chief of our rEvolution? Now we have our Electric Car Manifesto and we all are invited to participate, do your part - share it, please: Read more."

Yesterday, there was a wall of Tesla patents in the lobby of our Palo Alto headquarters. That is no longer the case. They have been removed, in the spirit of the open source movement, for the advancement of electric vehicle technology.

Tesla Motors was created to accelerate the advent of sustainable transport. If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal. Tesla will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology.

When I started out with my first company, Zip2, I thought patents were a good thing and worked hard to obtain them. And maybe they were good long ago, but too often these days they serve merely to stifle progress, entrench the positions of giant corporations and enrich those in the legal profession, rather than the actual inventors. After Zip2, when I realized that receiving a patent really just meant that you bought a lottery ticket to a lawsuit, I avoided them whenever possible.

At Tesla, however, we felt compelled to create patents out of concern that the big car companies would copy our technology and then use their massive manufacturing, sales and marketing power to overwhelm Tesla. We couldn’t have been more wrong. The unfortunate reality is the opposite: electric car programs (or programs for any vehicle that doesn’t burn hydrocarbons) at the major manufacturers are small to non-existent, constituting an average of far less than 1% of their total vehicle sales.

At best, the large automakers are producing electric cars with limited range in limited volume. Some produce no zero emission cars at all.

Given that annual new vehicle production is approaching 100 million per year and the global fleet is approximately 2 billion cars, it is impossible for Tesla to build electric cars fast enough to address the carbon crisis. By the same token, it means the market is enormous. Our true competition is not the small trickle of non-Tesla electric cars being produced, but rather the enormous flood of gasoline cars pouring out of the world’s factories every day.

We believe that Tesla, other companies making electric cars, and the world would all benefit from a common, rapidly-evolving technology platform.

Technology leadership is not defined by patents, which history has repeatedly shown to be small protection indeed against a determined competitor, but rather by the ability of a company to attract and motivate the world’s most talented engineers. We believe that applying the open source philosophy to our patents will strengthen rather than diminish Tesla’s position in this regard. Elon Musk."

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SRSrocco reports on further deterioration of the COMEX Gold inventories available for deliveries. You can guess who is taking now a...

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Dedicated to all those brave men who have been fighting the bear market in 2000 and buying the dips without understanding that they were looking straight into the abyss. Do not trust your money in anybody, for you are the one who is going to be rich or poor, not those that are advising you: always do your DD. Disclosure: We are putting our money where our mouth is.